Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Cambrian Forest, a 72-unit multifamily property, along with an adjacent 17-acre land site, in Greenville, Alabama.
“The sale of Cambrian Forest represents another successful multifamily transaction in Central Alabama, reflecting the continued strength of the region’s investment market” said Royce Emerson, vice president investments. “We continue to gain market share in this region with three successful transactions in the past 30 days alone.”
Emerson and Josh Jacobs, investment specialists in Marcus & Millichap’s Birmingham office, had the exclusive listing to market the property on behalf of the seller, Cambrian Forest Apts. LLC.
Cambrian Forest is situated on 2 acres at 693 Sherling Lake Road. Built in 2000, the property features a mix of one-, two- and three-bedroom floor plans across 76,000 square feet of rentable space. The property is adjacent to Cambrian Ridge, a 27-hole championship golf course on the Robert Trent Jones Golf Trail.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
